China, Mon­go­lia look­ing at FTA

China Daily (Hong Kong) - - BUSINESS -

China and Mon­go­lia will soon start con­duct­ing a joint fea­si­bil­ity study for sign­ing a free trade agree­ment, a Chi­nese of­fi­cial said on Tues­day. Qian Kem­ing, vice-min­is­ter of com­merce, said the move high­lights the ever strength­en­ing Sino-Mon­go­lian re­la­tions “on the ba­sis of mu­tual re­spect, equal­ity and ben­e­fit”. The Sec­ond China-Mon­go­lia Expo, a bi­en­nial event, is slated to take place in Ho­hhot, cap­i­tal of China’s In­ner Mon­go­lia au­ton­o­mous re­gion, be­tween Sept 26 and 30. Through ex­hi­bi­tions, con­fer­ences and sem­i­nars, in­vest­ment and trade ne­go­ti­a­tions, the expo will serve as a com­mu­ni­ca­tion plat­form for all sides, Qian told a news con­fer­ence. For over a decade, China has been Mon­go­lia’s largest trad­ing part­ner. Ac­cord­ing to China’s Min­istry of Com­merce, Sino-Mon­go­lian trade amounted to $3.1 bil­lion in the first half of this year, up 44.2 per­cent from a year ago.

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